How To Avoid Homeowner Deed Scams
As the times are advancing, so are the ways people use to scam others. Despite of improvement in controls and computerisation of records, scammers always find a way to be able to con people. It can be via loopholes in the system or by simply exploiting a situation where unsuspecting people are easy to target.
Homeowners are also a targeted market segment for those involved in conning others. There are a number of scams that are currently running and one must be careful not to fall in a trap.
For you to protect yourself from such potential fraud, make sure that you are aware of the basic laws and procedures as this makes it very hard for someone to get you involved in a scam. There are a few simple actions that you must take so that you do not get at the receiving end of a fraud.
Instructions
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1
Know the Laws:
You should know the basic laws of your area of residence regarding the house ownership. This will help you at the time you sign a deal for the house when you are buying it as well as later on if some unexpected matter regarding your home ownership comes up.
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2
Complete Your Home Documents:
Once you purchase a house, make sure that all your documents related to your home are complete and at a safe place. They should never be easily approachable for those other than the family. Having a complete set also allows you to be certain that you do not need any documents regarding your property from any authority. Many scams actually take place when a company claiming to be representing city hall contacts you in a convincing with a request of certain amount of money to provide you with certain important documents. If you have those documents with you anyway, you will not be bothered.
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3
Visit City Hall:
It is never a bad idea to every now and again drop by the city hall and make sure that you still own your property. It may sound funny, but it is far from it. Many scammers forge documents and put fake signs to get property that is owned by you in their own name. They either than sell the property or take loans against it. You need to be more careful in the case of a property that you own is not occupied by a tenant. A change in name can be a real pain as it takes time and costs you to get it back in your own name.
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